Cash rates of 5.00% are still available! BankWest is advertising Smart eSaver savings account with 5% annual interest rate. The advertised rate is bonus rate. Standard rate they offer is 3.25%, which is also the official Reserve Bank of Australia cash rate (see official cash rate here). The bonus rate is applied for each month in which withdrawals have not been made. Despite this limitation, it is still a great choice for cash savings.
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